Indian IT Industry Beats other Sectors in Salary Hike

According to Employment Outlook and Salary Guide 2010-11, IT and ITES companies in India raised the salary in the range of 25 to 30 percent this year compared to average increment by the domestic firms between 15 to 20%. The survey further said that industry remuneration is driven by IT industries and banking sector because they pay more than the market price. The study found that KPO industries are leading in terms of hiring.

On behalf of the Guide, Kelly Services showed the trends among key verticals of banking & finance, engineering, call center and BPO, human resource, information technology, procurement supply chain and logistics, real estate, sales and marketing and shared a list of ‘Hot Jobs’ in each of these sectors. The employment rate in India dropped in the early 2009 and recover largely during the fourth quarter of 2009. The aftermath is the slow and steady economic recovery in India in 2010.

Kamal Karanth, Managing Director, Kelly Services said, “Although organizations are expected to increase their hiring activities due to improved business confidence, we foresee that most of the talent pool, especially those in mid to senior management roles, will remain in their current organizations as positive job seekers who will only leave when there are substantial benefits such as an increase in salary or opportunities for career advancement.”

The study further concluded that the hiring in 2010 in BPO/Call centers sector also witnessed change in the upward direction. It added that the hiring of engineers with particular skills is rising, while the requirement for contractual and temporary employees continues with the execution of the project. The study found out that skill set in IT architecture and solutions continued to be very demanding because there is enhancements of the existing systems. Big integration also witnessed significant growth because a large number of projects were put on hold during the recession in 2009 are driving IT employment.